PLTR: Yes, we nailed another good movement! What's next?

Hello traders and investors! Yes, we nailed another good movement on PLTR, as it did a good reaction around the 61.8% Fibonacci’s Retracement as we said in our last analysis, and now it is just flying. The link to my previous analysis is below this post, if you are interested.

Now PLTR is facing the resistance at $ 25.94, and it couldn’t defeat it today. This increases the odds of a pullback, but since we are in a bull trend, pullbacks would be just opportunities to buy.

If it drops to the red line at $ 25.41 or to the 21 ema, great. Now let’s look at the daily chart:


The daily chart looks bullish, and the volume is good too. We are above the 21 ema, and there’s nothing telling us that PLTR will drop. Corrections in the short-term shouldn’t be enough to ruin the bullish bias here.

Now it is not the time to buy, as we must buy near support levels (like the Fibonacci’s Retracements), but maybe PLTR will find a short-term resistance in the 1h chart, and if this creates a correction, it’ll be an opportunity for the mid/long-term.

If you liked this analysis, remember to follow me to keep in touch with my daily studies.

Have a good weekend!